Innovation in Exploration and Production: How Technology Is Changing the Oil and Gas Landscape:: Science Publishing Group

Innovation in Exploration and Production: How Technology Is Changing the Oil and Gas Landscape

Ekrem Alagoz¹, Yaser Alghawi², Muhammed Said Ergul³

¹R&D Department, Turkish Petroleum Corporation (TPAO), Ankara, Turkey

²Harold Vance Department of Petroleum Engineering, Texas A&M University, College Station, United States

³Petroleum and Natural Gas Engineering, Izmir Katip Celebi University, Izmir, Turkey

Journal of Energy and Natural Resources, Volume 12, Issue 3, September 2023

Pages: 25-29

Received: Jun. 07, 2023

Accepted: Jun. 25, 2023

Published: Jul. 06, 2023

DOI: 10.11648/j.jenr.20231203.11

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Abstract

This research paper examines the impact of technology on the oil and gas industry, specifically in the context of exploration and production. The purpose of the study is to analyze the innovative techniques being utilized and the challenges and limitations associated with technology adoption in the industry. The paper presents case studies of successful technology implementation and discusses the future of innovation in exploration and production. Technological advancements in the oil and gas industry have led to significant improvements in efficiency and cost savings. Innovative techniques such as 3D and 4D seismic imaging, unconventional oil and gas extraction, robotics and automation, data analytics and artificial intelligence, block chain technology, and digital twinning have revolutionized exploration and production processes. These technologies have enhanced decision-making, optimized operations, and reduced environmental impact. However, the industry faces challenges in adopting new technologies, including resistance to change, high costs, cybersecurity concerns, and technical limitations. Overcoming these challenges is crucial for the industry's long-term success and sustainability. The research concludes by emphasizing the need for continued innovation and technology adoption in the oil and gas industry. Future advancements in nanotechnology, machine learning, and augmented reality hold the potential for further transformative impacts. By addressing the challenges associated with technology adoption, the industry can strive towards a more sustainable and profitable future, meeting the growing global energy demand. Policymakers, industry stakeholders, and investors should stay informed about the latest trends and developments to make informed decisions and drive growth in the industry.

Keywords

Oil and Gas Industry, Exploration and Production, Technology, Innovation, Environmental Impact

To cite this article

Ekrem Alagoz, Yaser Alghawi, Muhammed Said Ergul. (2023). Innovation in Exploration and Production: How Technology Is Changing the Oil and Gas Landscape. Journal of Energy and Natural Resources, 12(3), 25-29. https://doi.org/10.11648/j.jenr.20231203.11

Copyright © 2023 Authors retain the copyright of this article.
This article is an open access article distributed under the Creative Commons Attribution License (http://creativecommons.org/licenses/by/4.0/) which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.

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